Staked FRAX allows users to stake the FRAX stablecoin and still maintain liquidity, enabling its use in DeFi while earning rewards. More
| Fully Diluted Valuation | $68.27M |
|---|---|
| 24H Trading Volume | $14 |
| 24H Low / High | $1.11 / $ 1.12 |
| Circulating Supply | 61.49M |
| Total Supply | 61.49M |
| Max Supply | ∞ |
| Categories | Decentralized Finance (DeFi) 8 more |
|---|---|
| Founder | Sam Kazemian |
| Website | app.frax.finance |
| Socials | 3 more |
| Chains | Ethereum Ecosystem 4 more |
| Explorer | Bscscan 9 more |
| Contracts |
0xa66....41c32
4 more
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| Name | Pair | OG Score |
|---|
Staked FRAX (SFRAX) is a staking derivative of FRAX, a fractional algorithmic stablecoin. SFRAX enables users to stake their FRAX holdings and earn rewards while maintaining liquidity in the form of a tradeable token. This derivative is an essential part of the FRAX ecosystem, allowing for more efficient capital utilization.
Features
SFRAX offers liquidity for staked FRAX, enabling users to participate in DeFi while their FRAX continues to earn rewards. This staked version of FRAX can be used in various DeFi applications, such as lending, borrowing, and trading. Additionally, SFRAX maintains its value relative to the underlying FRAX, ensuring stability within the ecosystem.
Conclusion
Staked FRAX enhances the utility of the FRAX stablecoin by providing liquidity for staked assets. With its integration into the broader DeFi space, SFRAX offers users more flexibility and earning potential without sacrificing the stability that FRAX provides.
Staked FRAX allows users to stake the FRAX stablecoin and still maintain liquidity, enabling its use in DeFi while earning rewards.
Staked FRAX was developed by the FRAX Protocol, which was founded by Sam Kazemian.
FRAX is supported by major investors, including Dragonfly Capital, Variant, and Placeholder.
Velodrome Finance v2, Wombat (Arbitrum)
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